IDEAS home Printed from https://ideas.repec.org/a/ucp/mresec/doi10.1086-676288.html
   My bibliography  Save this article

Ecosystem Externalities in Fisheries

Author

Listed:
  • Richard W. Ryan
  • Daniel S. Holland
  • Guillermo E. Herrera

Abstract

The economics literature on fisheries has focused primarily on stock externalities and, to a lesser degree, on crowding externalities. Yet for many fisheries, harvesting activities may affect the underlying biological productivity of the fish stock by impacting the forage or habitat quantity or quality. We refer to this as an "ecosystem externality." Ecosystem externalities may be positive as well as negative. While fishing may damage habitat in ways that reduce productivity, in some cases it may increase food availability and thereby increase productivity of the target species of a fishery. Extending the model of Smith (1968), we use three equations to characterize dynamics of a resource stock, profit-maximizing individual behavior, and vessel entry/exit. We use this simple model to show how ecosystem externalities, in conjunction with stock externalities and crowding externalities, affect system dynamics, open-access equilibria, and optimal fishery regulation implemented through a tax.

Suggested Citation

  • Richard W. Ryan & Daniel S. Holland & Guillermo E. Herrera, 2014. "Ecosystem Externalities in Fisheries," Marine Resource Economics, University of Chicago Press, vol. 29(1), pages 39-53.
    • Handle: RePEc:ucp:mresec:doi:10.1086/676288
    DOI: 10.1086/676288
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1086/676288
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: http://dx.doi.org/10.1086/676288
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: https://libkey.io/10.1086/676288?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Huang, Ling & Smith, Martin D., 2011. "Management of an annual fishery in the presence of ecological stress: The case of shrimp and hypoxia," Ecological Economics, Elsevier, vol. 70(4), pages 688-697, February.
    2. Swallow, Stephen K., 1990. "Depletion of the environmental basis for renewable resources: The economics of interdependent renewable and nonrenewable resources," Journal of Environmental Economics and Management, Elsevier, vol. 19(3), pages 281-296, November.
    3. Akpalu, Wisdom & Bitew, Worku T., 2011. "Species diversity, fishing induced change in carrying capacity and sustainable fisheries management," Ecological Economics, Elsevier, vol. 70(7), pages 1336-1343, May.
    4. Murawski, Steven A., 2007. "Ten myths concerning ecosystem approaches to marine resource management," Marine Policy, Elsevier, vol. 31(6), pages 681-690, November.
    5. Heijnen, P. & Wagener, F.O.O., 2013. "Avoiding an ecological regime shift is sound economic policy," Journal of Economic Dynamics and Control, Elsevier, vol. 37(7), pages 1322-1341.
    6. Johannus Janmaat, 2012. "Fishing in a Shallow Lake: Exploring a Classic Fishery Model in a Habitat with Shallow Lake Dynamics," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 51(2), pages 215-239, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nichols, Rachel & Yamazaki, Satoshi & Jennings, Sarah, 2018. "The Role of Precaution in Stock Recovery Plans in a Fishery with Habitat Effect," Ecological Economics, Elsevier, vol. 146(C), pages 359-369.
    2. Naoum Tsolakis & Roman Schumacher & Manoj Dora & Mukesh Kumar, 2023. "Artificial intelligence and blockchain implementation in supply chains: a pathway to sustainability and data monetisation?," Annals of Operations Research, Springer, vol. 327(1), pages 157-210, August.
    3. Sophal Chhun & Viktoria Kahui & Henrik Moller & Paul Thorsnes, 2015. "Advancing Marine Policy Toward Ecosystem-Based Management by Eliciting Public Preferences," Marine Resource Economics, University of Chicago Press, vol. 30(3), pages 261-275.
    4. N. Baris Vardar & Georges Zaccour, 2020. "Exploitation of a Productive Asset in the Presence of Strategic Behavior and Pollution Externalities," Mathematics, MDPI, vol. 8(10), pages 1-28, October.
    5. Ceccacci, Alberto & Lopes, Ana Faria & Mulazzani, Luca & Malorgio, Giulio, 2024. "Recreation in coastal environments: Estimating the non-market value of fishing harbors," Ecological Economics, Elsevier, vol. 221(C).
    6. Thanh Viet Nguyen & Manh Hung Nguyen & Quang Van, 2018. "Is Green Growth Possible in Vietnam? The Case of Marine Capture Fisheries," Biophysical Economics and Resource Quality, Springer, vol. 3(3), pages 1-10, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wagener, F.O.O., 2013. "Economics of environmental regime shifts," CeNDEF Working Papers 13-08, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
    2. Dmitry Gromov & Thorsten Upmann, 2021. "Dynamics and Economics of Shallow Lakes: A Survey," Sustainability, MDPI, vol. 13(24), pages 1-16, December.
    3. Holland, Daniel S. & Herrera, Guillermo E., 2012. "The impact of age structure, uncertainty, and asymmetric spatial dynamics on regulatory performance in a fishery metapopulation," Ecological Economics, Elsevier, vol. 77(C), pages 207-218.
    4. Gianelli, Ignacio & Martínez, Gastón & Defeo, Omar, 2015. "An ecosystem approach to small-scale co-managed fisheries: The yellow clam fishery in Uruguay," Marine Policy, Elsevier, vol. 62(C), pages 196-202.
    5. Ni, Yuanming & Steinshamn, Stein I. & Kvamsdal, Sturla F., 2022. "Negative shocks in an age-structured bioeconomic model and how to deal with them," Economic Analysis and Policy, Elsevier, vol. 76(C), pages 15-30.
    6. Anders Skonhoft, 1999. "On the Optimal Exploitation of Terrestrial Animal Species," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 13(1), pages 45-57, January.
    7. Galaz, Victor & Crona, Beatrice & Österblom, Henrik & Olsson, Per & Folke, Carl, 2012. "Polycentric systems and interacting planetary boundaries — Emerging governance of climate change–ocean acidification–marine biodiversity," Ecological Economics, Elsevier, vol. 81(C), pages 21-32.
    8. Anastasios Xepapadeas, 1995. "Managing the international commons: Resource use and pollution control," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 5(4), pages 375-391, June.
    9. Malone, Thomas C. & DiGiacomo, Paul M. & Gonçalves, Emanuel & Knap, Anthony H. & Talaue-McManus, Liana & de Mora, Stephen, 2014. "A global ocean observing system framework for sustainable development," Marine Policy, Elsevier, vol. 43(C), pages 262-272.
    10. Fischer, Carolyn & Sterner, Thomas & Muchapondwa, Edwin, 2005. "Bioeconomic Model of Community Incentives for Wildlife Management Before and After CAMPFIRE," RFF Working Paper Series dp-05-06, Resources for the Future.
    11. Leroux, Anke D. & Creedy, John, 2007. "Optimal land conversion and growth with uncertain biodiversity costs," Ecological Economics, Elsevier, vol. 61(2-3), pages 542-549, March.
    12. Mukherjee, Zinnia & Segerson, Kathleen, 2015. "Behavioral Response of Fishers to Hypoxia and the Distributional Impact on Harvest," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205108, Agricultural and Applied Economics Association.
    13. Llop Llop, Maria, 2016. "A second-best analysis of alternative instruments for the preservation of natural resources?," Working Papers 2072/261533, Universitat Rovira i Virgili, Department of Economics.
    14. Wisdom Akpalu & Worku T. Bitew, 2017. "Externalities and foreign capital in aquaculture production in developing countries," WIDER Working Paper Series wp-2017-1, World Institute for Development Economic Research (UNU-WIDER).
    15. Richard Melstrom & Richard Horan, 2014. "Interspecies Management and Land Use Strategies to Protect Endangered Species," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 58(2), pages 199-218, June.
    16. Edward B. Barbier, 2003. "Habitat–Fishery Linkages And Mangrove Loss In Thailand," Contemporary Economic Policy, Western Economic Association International, vol. 21(1), pages 59-77, January.
    17. Andrei Bazhanov, 2012. "A Closed-Form Solution to Stollery’s Problem with Damage in Utility," Computational Economics, Springer;Society for Computational Economics, vol. 39(4), pages 365-386, April.
    18. Nichols, Rachel & Yamazaki, Satoshi & Jennings, Sarah, 2018. "The Role of Precaution in Stock Recovery Plans in a Fishery with Habitat Effect," Ecological Economics, Elsevier, vol. 146(C), pages 359-369.
    19. Wagener, Florian & de Zeeuw, Aart, 2021. "Stable partial cooperation in managing systems with tipping points," Journal of Environmental Economics and Management, Elsevier, vol. 109(C).
    20. Martin D. Smith & Larry B. Crowder, 2011. "Valuing Ecosystem Services with Fishery Rents: A Lumped-Parameter Approach to Hypoxia in the Neuse River Estuary," Sustainability, MDPI, vol. 3(11), pages 1-39, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucp:mresec:doi:10.1086/676288. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journals Division (email available below). General contact details of provider: https://www.journals.uchicago.edu/MRE .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.